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Goldenport Sells Sub-panamax Container Vessel 'Grand Vision'

Goldenport Holdings Inc. (GPRT.L) said it has concluded the sale of the sub-panamax container vessel 'Grand Vision', to the unaffiliated third party "Gunehr Shipping Ltd." of Charlestown, Nevis, for a cash consideration of $6.2 million. The vessel was delivered to the new owners on December 30, 2011.

Goldenport stated that it expects to realize a book profit of $0.4 million, after accounting for brokerage commission, book value and the unamortized balance of dry-docking.

by RTT Staff Writer

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